Medicare Prescription Drug Benefit (Medicare Part D) is a federal prescription drug benefit program for Medicare beneficiaries.
Agency Accountable Official: Ellen Murray, Assistant Secretary for Financial Resources
Program Accountable Official: Tim Love, Chief Operating Officer, Centers for Medicare & Medicaid Services
All amounts are in billions of dollars
In Fiscal Year (FY) 2014, HHS is reporting a composite error estimate for the Medicare Prescription Drug Program (Part D), based on Calendar Year (CY) 2012 payments. The FY 2014 Part D Composite Payment Error Rate combines four component payment error measures: the Payment Error relating to Low Income Subsidy Status (PELS); the Payment Error Related to Incorrect Medicaid Status (PEMS); the Payment Error Related to Prescription Drug Event Data Validation (PEPV); and the Payment Error related to Direct and Indirect Remuneration (PEDIR). More information on this program can be found in the Department's Agency Financial Report (available at www.hhs.gov/afr).
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